Foreclosures Archive

mtg apps dip

How does that go again about low rates helping housing? Mortgage Applications Dipped Last Week June 29 (Reuters) — Applications for U.S. home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application ...Read More

mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand July 7th (Reuters) —Refinancing drove total U.S. mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year ...Read More

Foreclosures and existing home sales data

[Skip to the end] this is telling: From a contact in Texas: When I went to the bankruptcy / foreclosure auctions here a few weeks ago I found out that the whole thing is a charade. Bank of America (for instance) auctions off houses that have gone into foreclosure for the amount ...Read More

Associated Press: Forclosures FALL 4% in February

Note the fact that foreclosures went down a tad in February versus January is buried at the end of the article. Number of US homes facing foreclosure jumps nearly 60 percent in February by Alex Veiga (AP) Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month ...Read More